Equifax and Medicheck Services, Inc., have agreed that Equifax will deliver patient identification verification and financial information services through Medicheck Services' point of service insurance verification systems. Hospitals subscribing to the services will automatically confirm patient identification and receive financial information during the admissions process. This innovative approach allows providers to understand and accommodate patient needs at the beginning of the relationship, which results in a more effective, patient-friendly account management process.
In addition, Medicheck has contracted with CrossCheck, Inc., to be a provider of Check Guarantee services to its growing client base. CrossCheck, Inc., services will be offered by Medicheck sales employees, and approval and guarantee services will be provided through either CrossCheck's California or Wisconsin data centers, providing 24 hour authorization and customer service.
Equifax has been serving the healthcare industry with credit and collections services for 25 years. Electronic delivery of identification verification and financial services is the latest advancement in providing information services at the point of patient registration or admission.
CrossCheck, Inc., is the nation's largest privately held check approval company, serving thousands of merchants throughout the United States, Canada, Puerto Rico, and Guam. For 15 years, CrossCheck has been an innovator in the payment services industry, and currently has the nation's largest stake in Internet check transactions.
Medicheck Services, Inc., specializes in electronic data interchange (EDI) solutions in the healthcare industry. One such product is the SPOTCHECK® system, a multi-payer, multi-platform system that provides real time, on-line access to both the healthcare payer and provider markets. This system includes insurance functions such as eligibility and co-pay verifications, prior authorizations and referrals, as well as credit and debit (ATM) card processing.
